DST Global Solution to release corporate actions platform

DST Global Solutions has partnered with systems developer XSP to develop an integrated corporate actions solution for DST's accounting platform HiPortfolio.

The solution is expected to combat some of the growing operational challenges facing investment managers who often need to work through complex manual processes, DST Global stated. 

It will initially be available as an added module to Australian and New Zealand users of HiPortfolio.

"Our joint working relationship with XSP is expected to help reduce costs and risks for third-party administrators and fund managers automating corporate actions such as dividends, mergers and acquisitions and rights issues," said DST Global Solutions managing director Asia-Pacific Philip Hogan.

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DST Global stated that under the agreement both companies will retain ownership of key intellectual property while leveraging each other's global sales and support services.